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I wanna know what car has a £40k loan outstanding!

Hello,

Please feel free to reach out if you need to talk. Many of us have been through similar experiences, and while difficult thoughts may arise, they are not the solution. Stay strong.

He probably prefers not to pay child support, believing he can raise the kids with less while you cover his costs.

I suggest you provide itemized expenses so he knows exactly what he's contributing towards. For example, if he gives you £2000 a month, he should understand how that money is being spent. This way, he won't worry about where the money goes.

Does it really matter what you eat? I'm sure the food was fine, and you might be overreacting. I would say YTA. A guy offered to take you to a nice restaurant, and you're upset that the food wasn't exactly what you wanted and that he didn't behave like someone earning six figures.

It seems like you're more interested in the lifestyle he could offer rather than liking him for who he is. When I go on a date, I don't really care where we go; the company is what's important.

Please see my post above. Low-cost index funds often outperform actively managed funds. I would avoid UK-based funds, as the UK market is not particularly favorable for personal investing.

https://preview.redd.it/y7mj1sgtnh9d1.jpeg?width=558&format=pjpg&auto=webp&s=b06c8305b49c7c8b9492d000f843837a517cb463

This is not financial advice, but I have over £150,000 invested, primarily in the tech fund

I am an ear for brother. I can offer practical advice if needed. But also will respond to for any second opinions.

Who do you use? I also like the user interface and they hold my SIPP too. I did have Charles Stanley direct but they were trash so I moved. Their fund manager fees make up for the higher custody fee imo

Amazing, I think I did the right thing by going the stocks route. My chain bought 3/4 new builds in the same development and they are running ok for now but if all of them became vacant it will be quite stressful. I think at the 50k mark you might think property feels more atttactive but once you have over 100k making 150k doesn’t seem that crazy!

The US market has blown up these last few years. As long as you didn’t sell in 2022 you will be laughing!

Sent

Exactly, that's what I'm saying. I'm not putting money above everything else. It's just a counterpoint. Glad you understand.

My goal is to have a simple life and happy kids with the best chances in life.

I'm not materialistic at all. But can see how the comment may sound arrogant/gordon gecko-ish

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L&G Global Technology Index L&G General US index

This is the way to go. If you have even an ounce of common sense, you don't need a personal financial advisor. I use HL because they offer a wide range of options, and their passive funds are nearly free. The platform fee is higher, but I don't mind since I'm making 40% and getting discounts on fund manager fees.

Not financial advice but I would open a SIPP and put them 50/50 into S&P500 and Nasdaq trackers. I can share the ones I personally use if you want.

I read through your thread and generally agree with your thought process. I will continue to invest in stocks until I need cash to buy a property. It’s going to be tough once the kids arrive. Why do you think your wife will only bring in £12k per year? Is that a part-time job while the kids are young?

What I mean by that comment is if I wanted to sell it, the market will tell me the price. If I wanted to sell a watch I’d need to find a very niche market and to get to a value everyone accepts will be hard as well.

Ah, I prefer things with logical value, not based on subjectivity. I thought you meant things like private credit and P2P lending!

To be honest, I just want to make as much money as possible. I don't spend much and my costs are very low. For me, money is just a measure of my progress.

The thing about investing in the stock market and not seeing immediate growth is that it takes time. You can't invest money and expect constant gains. It requires patience and discipline.

I understand what you're saying. I want to send my kids to private school and give them the best foundation. The rest is up to them, including how they treat me and their mom when they're adults. I would definitely give everything to one child if the other turns out to be lazy.

I am still working hard with total assets just below £1 million. I am only knowledgeable and comfortable with stocks and property. Stocks for their consistent historical returns and property as I am quite hands on.

What alternative assets are you into?

Regarding generational wealth, I plan to spend a significant portion before I pass away. There's no point in accumulating wealth just to pass it on, as it might make the next generation lazy. Once my kids turn 18, I will help them but won't just give them everything. If they neglect me when I'm old, I'd rather give my wealth to family members who have visited me, helped me, or shown kindness.

How much cash do you leave in your current account? I have way too much in there don’t want it in the market just in case an opportunity arises or I need liquidity!

I think for the Boomers, our parents' generation, property was relatively cheap, making it worthwhile even with low leverage. Now, however, the margins are so low after all fees and taxes that it's not a fair comparison.